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Financing clean energy, a framework for public private partnerships to address climate change, London by Paul Wolfowitz, World Bank President (Inglês)

Resumo

This report discusses the remarks delivered by Paul Wolfowitz, President of the World Bank. He discusses on an urgent issue on the global development agenda, which is how to meet the rising demand for energy while reducing our carbon footprint. He appreciates...
Exibir mais +This report discusses the remarks delivered by Paul Wolfowitz, President of the World Bank. He discusses on an urgent issue on the global development agenda, which is how to meet the rising demand for energy while reducing our carbon footprint. He appreciates United Kingdom's suggestion that carbon trading could generate resource flows which would go to the developing world. He talks about Europe that will reduce carbon emissions by 20 percent by 2020 which is not only a substantive step toward combating climate change, but it also creates opportunities to draw the private sector into that effort. He speaks about rich countries that need to lead with direct support to developing nations, both to reduce poverty and reduce carbon emissions. He talks about focusing on opportunities to improve efficiency and conservation in the use of fossil fuels and expanding investment and access to renewable energy. He speaks about how together with both official and non-governmental partners, are developing a Pilot Forest Carbon Facility that will help countries combat deforestation and be rewarded with carbon finance. He talks about the area of adaptation, and working with ther partner countries to help them adapt to some of the negative impacts of climate change. He concludes by saying that all of us have the opportunity to move towards a climate-friendly development path and to secure a cleaner, more stable future for our children and grandchildren.
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